ADA DAO

Projects Overview

ADADAO is a DeFi protocol on Cardano blockchain which facilitates creation of fully collateralized stable coins leveraging Native Cardano Assets. We are starting with ADA tokens only but the governance can decide on addition of more assets as and when required.

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Working Process

Step 01

We receive the Source Code

CodeProof Reserves the right to conduct a KYC check on a project on it suspect to be high risk.

Step 02

We Begin the Security Analysis

We begin the security analysis with unwavering dedication and precision, meticulously scrutinizing every aspect to fortify your digital defenses.

Step 03

We Deliver the Final Report

We deliver the final report, a comprehensive document that encapsulates our findings and recommendations, empowering you with the knowledge to enhance your security posture

Conclusion

Audited by CodeProof
Just like any other software, smart contracts come with security vulnerabilities. Therefore, a smart contract audit is necessary for ensuring that smart contracts are free of any security issues. Also, the audit will show where the smart contract can be optimized to ensure ideal levels of performance.

KYC verified by CodeProof
We have identified the owner (our contact person) of this project and this person has completed the KYC process. Codeproof stores this information securely on 2 separate devices that are not connected to the internet.
If the project does rug pull or scam, we publish the identity of the project owner.

To owners of projects: We periodically check the projects that have passed our KYC process. If we find out about a scam or rug pull, we will disclose your identities, and file a criminal complaint against you in your country of residence.

To investors: If you think a project that has passed our KYC process is a scam or rug pull, let us know. Please also explain why you think so. Our team will review your submissions and, if true, will reveal the identity of the project owners.